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Women Are Changing The Nature Of Power In Business
May 2, 2012
Decades after women began joining the business world in droves, there still are challenges for females in the workplace. Many female entrepreneurs have come face to face with them – pay inequities, glass ceilings, work-life balance issues (indeed, many have become entrepreneurs because of them!). While far from a perfect world, there are encouraging signs of a shift that appears to be positive for men and women in the workplace.
According to a recent Forbes magazine article, Women, Wealth, and Power: The Emerging Paradigm, by contributor Barbara Stanny, women business leaders are changing the nature of power in the corner office. Stanny writes about a paradigm shift that is changing the nature of leadership from an old style “command and control” approach to one that is more in line with female traits of inclusiveness, caring, openness, and consensus building. She highlights a number of successful women who, having reached financial success themselves, are motivated by a desire to grow, nurture, and maximize the potential of those around them. Click here to read the entire article.
If the Forbes article holds true, this new paradigm may be a force to help Project 5/165 accomplish its five-year goal of women being 165 (a full one-third!) of Fortune 500’s general counsel. Anastasia Kelly, a partner at DLA Piper and former general counsel for a number of Fortune 500 companies, writes in InsideCounsel that there is an unprecedented pool of women attorneys who can make this goal a reality. She contends, however, that women themselves are holding back and have not yet made the necessary demands in terms of pay or position that their male counterparts do. Her solution? Women helping women through networking, providing opportunities, and helping those who still are “on their way up.” To read more, click here.